Local market sources report that domestic
scrap prices in western
India (Alang) have increased by INR 600/mt over the past week to INR 19,600/mt ($294/mt) ex-yard, while prices in northern
India (Mandi Govindgarh) have increased by INR 500/mt over the same period to INR 20,200/mt ($303/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20
scrap prices for
India have moved up by $10/mt week on week to $290/mt CFR.
$1 = INR 66.74